Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.» Read More
Some of the names on the move ahead of the open.
PepsiCo reported quarterly earnings that beat analysts' expectations on Wednesday.
PURCHASE, N.Y.— PepsiCo raised its forecast for the year on Wednesday and said its new Lay's potato chips— including a cappuccino variety— should help boost its profit in the months ahead. The gains were relatively modest, but PepsiCo has been driving its financial performance with a cost-cutting plan expected to generate $1 billion in savings this year.
July 23- PepsiCo Inc reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America. The company's net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier. Excluding items, PepsiCo earned $1.32 per share.
Coca-Cola Co. fell $1.21 or 2.9 percent, to $41.19. Dr Pepper Snapple fell$. 19 or. 3 percent, to $58.67. Molson Coors Brewing Co. rose$. 25 or. 3 percent, to $72.44.
Campbell Soup Co. is hoping it can spark a turnaround for the struggling beverage brand by hitching it to the growing popularity of new brands that mix more exotic ingredients like coconut water, kale and ginger and tout their freshness.
Coca-Cola Co. fell $1.25 or 2.9 percent, to $41.16. Dr Pepper Snapple fell$. 06 or. 1 percent, to $58.80. Molson Coors Brewing Co. rose$. 21 or. 3 percent, to $72.40.
WASHINGTON— Senate Environment and Public Works Committee hearing on the Environmental Protection Agency's proposed carbon pollution standards for power plants. WASHINGTON— Senate Commerce, Science and Transportation subcommittee hearing on legislation focusing on consumer protections and safety for cruise ship passengers.
July 22- Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda. But Coke reported lower-than-expected quarterly revenue as sales volume in North America, its biggest market, was flat partly because of a decline in diet Coke sales.
Coca-Cola Co. fell $1.26 or 3.0 percent, to $41.14. Dr Pepper Snapple fell$. 04 or. 1 percent, to $58.82. Molson Coors Brewing Co. rose$. 16 or. 2 percent, to $72.35.
ATLANTA— Coca-Cola Co. reported quarterly sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. Globally, the world's biggest beverage maker, said sales volume rose 3 percent, boosted by gains in places including China, India, the Middle East and South Africa.
July 22- Omnicom Group Inc, the largest U.S. advertising company, reported a 6.4 percent rise in quarterly revenue, led by increased spending on advertising by clients in North America.
Many investors, including Jim Cramer, found the relative strength in stocks somewhat curious, given the widespread geopolitical unrest.
NEW YORK, July 21- Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
A testy moment at the Delivery Alpha conference when Nelson Peltz, the founding partner and chief executive officer of Trian Fund Management and a major holder of Pepsi, took issue with CNBC's interviews with legendary investor Warren Buffett, a long-time investor of rival Coca Cola.
Nelson Peltz hinted at a potential for a proxy contest at Pepsi, one of his hedge fund's holdings.
Nelson Peltz of Trian Fund Management hinted at the potential for a proxy contest at Pepsi during an interview at the Delivering Alpha conference presented by CNBC and Institutional Investor Wednesday.
NEW YORK, July 16- Even fund managers' best ideas are not working out this year.